The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1887-08-24
The Cotton Movement,

Tho Now York Financial Chronicle, il
Its review of the movement of the cotton
crop for the week ending on tho night
OF August II, says that the total receipts
have reached 1920 bales, against ,i9C
bales last week, 2,JSl bales the pre-.
",ous week, and 3,295 bales three weeks
since; making the total receipts since
the lst September, 1886, 5,2l3, ,llS balcs,
against 5,3li,557 bales for the same
period of 1856, showing decrease since
September |, 1886, of lO1, 100 bales.
The exports for the week reach n total
Of 1881 bales, of which II, ,O55 were to
Great Britain, II to France, and / l25
to the rest OF the continent.
The total visible supply of cotton, rs
made up by cable and telegraph, for the
week was as follows:
Total of Great Britain stock eco, 900
bales, total of continental stocks 3li..
lOO-making Il total of European stocks
of l,OOi, 100 bales. The total visible
supply for the world is 1874, 400 bales;
of this number T2S, 800 are American
and GIG, 100 East Indian, etc.
The imports into continental ports
for the week have been $4,000 bales.
These figures indicate an increase in
the cotton in sight of 81 ,1O2 bales rs
compared Will the same date of 1856,
an increase of ll,G12 bales as compared
with the corresponding date of 1855.
The receipts ut interior towns for the
week wcro 1,279 bales. Old interior
! stocks were decreased l,7GS bales, and
were 33,25l bales less than at the same
period last year.
The receipts from the plantations,
beng the actual movement, not including
4 Al rn,nf,,i,
sumption, of cotton that reached the
market through the outpOrts for the
past week were ,, l2J bales. The total
receipts since lst September 1886, were
., lS9,355 bales. The actual movement
from the plantations was only 5,2l9
bales, the balance being taken from the
stocks ut the interior towns.
Southern spinncrs' takings to 1st Au-
gust have been 39l 900 bales as against
+ 3OS, 600 bales at the same time last year.
The Chronicle says, in reviewing the
speculation III futures during the week
"Ihc speculation in cotton for future
delivery mt this market has been some
what inactive for the week undcr review.
and the principal feature in the decline
III options for this month. No very inn
portant Influences have been at work.
Crop accounts have improved, owing to
the lali o; needed rain over n consider
able portion of ToXus, and partial
clearing W in Georgia and the Carroll
mas, whore the downfall! had been cXccs-
slvc. Liverpool reports have reflected
very unsettled market there. The
bureau report, made public on Wednes-
day, was rather better than was generally
expected On Saturday the next crop
ruled slightly dearcr, but the improve
mcnt was lost on Monday. In the
course of Tuesday and Wednesday there
was Il decline OF 30 points in August
options, while the next crop gave way
only 5 to points. There were unac-
countably full receipts of old cotton at
New Orleans, which had an unfavorable
effect upon values for prompt delivery.
On Thursday an early decline, under
weak Liverpool advices, was fully recov-
cred on n demand to cover contracts.
To-day an early decline was followed by
variable unsettled values. Cotton on
the spot, under freer offerings and de-
ciining prices, has been fairly active,
both for export and home consumption.
Quotations were reduced 1-lGc. on Mon
day and lc. on Wednesday. Friday, at
further decline of Lice, there was a
very large business for export, and home
spinncrs bought fairly"